Zoopla has released its New Homes Outlook Report, which highlights key market indicators that impact the new homes industry.
Key insights in the report include analysis that delivery of new homes in 2022 will be in line with 2019 after a boost in delivery this year. Zoopla estimates that completions for the year will be 170,000 homes in England.
The report also indicates that demand for new homes outside London remains above the five-year average. It reveals that the North West, Yorkshire and the North East have seen strong new home buyer demand at more than 30% above the five-year average as the relative affordability of these markets prices in buyers and fuels demand.
Further insights from the report can be found on Zoopla’s new Housebuilder hub which contains a wide range of Zoopla’s latest research reports, which can be downloaded for free, including its 2022 demand and sales transactions forecast.
Commenting on the launch of the report and the hub, Alex Rose, Director of New Homes at Zoopla said: “We’re excited to unveil our Housebuilder Hub, which will provide regular insights to housebuilders on what’s happening in the market. As we head into 2022, strong house price growth coupled with robust buyer demand looks set to provide a sturdy platform for housebuilders. However, the increasing cost of living and the expected rise in mortgage rates will likely have some impact on household buying power over the next two to three years and these headwinds are worth bearing in mind.”
The report can be found on Zoopla’s new Housebuilder Hub.